Getting Recent Posts in Different Formats

I am trying to figure out how to display posts in different format on the index page according to date. I want the most recent post to include all text/pictures.

The next three most recent posts must display the title and some text (x amount of characters) and the two most recent posts must display only the title linking to the post.

Please let me know if this is possible and how I would go about it.

Regards,
Darren